21 March 2014

Tagetik Positioned as a Visionary Vendor in the Magic Quadrant for Corporate Performance Management Suites by Gartner

Tagetik’s 5th consecutive year as a visionary CPM vendor

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced thatit has been positioned by Gartner, Inc. in the Visionaries quadrant of the‘Magic Quadrant for Corporate Performance Management [CPM] Suites’[1]. This annual report evaluates software vendors on their completeness of vision and ability to execute.

“Tagetik continues to achieve strong year over year growth and profitability. We added over 100 new customers, increased our global revenue by 25%, and established great traction with our cloud offerings,” saysManuel Vellutini – Executive Vice President, Chief Operating Officer at Tagetik. “Our customers recognize the power and practicality of having all their corporate performance management processes in one unified platform and the flexibility to deploy on-premises, single or multi-tenant public cloud, or private cloud. No matter the deployment option our customers choose, they have a single Financial Performance Platform™ that meets their specific needs yet is easily extended to address their needs of the future.”

“We agree with Gartner that the future of CPM is on the cloud but research shows that only 20% of finance organizations will be moving their CPM to the cloud in the next two years. That is why we felt it was important for our cloud strategy to allow our on-premises customers to move to the cloud on their terms. It’s the same product so moving from on-premises to the cloud (or vice versa) requires no re-implementation at all,” adds Marco Pierallini – Executive Vice President, Chief Development Officer at Tagetik.“In-memory technology is also the future of CPM and will take it to the next level enabling detailed operational planning, real-time consolidations, sophisticated predictive analytics and more. That is why we established an OEM partnership with SAP and will be supporting SAP HANA, along with SQL Server and Oracle, as an underlying database for Tagetik in 2014. Our customers depend on the extensive built-in financial intelligence that setscTagetik apart from other CPM vendors and now we are taking advantage of the cutting-edge in-memory technology of SAP HANA to deliver even more innovative capabilities for the office of finance and beyond.”

About the Magic Quadrant Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization andshould not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Media Contacts:

Greta BartoliCCH Tagetik+39 0583 96811

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